A GST Suvidha Provider (GSP) appointed by GSTN and a structured data solutions company, IRIS Business Services and Logo Infosoft, an established IT solution company has introduced a free version of globally-acclaimed, GST-ready Vyapari software to benefit India’s MSMEs. The companies with their annual turnover of under Rs 1.5 crore in the previous financial year can register under this free-usage benefit. The free version is available to all the eligible active regular taxpayers, SEZ Developers, SEZ Units as well as the taxpayers that have opted for composition scheme under the GST regime.
The software is introduced under the partnership of Goods and Services Tax Network (GSTN) with solution providers. Vyapari is validated through stringent evaluation criteria for quality and ease of use. Vyapri automates the complete accounting and compliance process of MSMEs from billing until GSTR filing.
Gautam Mahanti, Business Head, IRIS GST said, “India has a vast pool of MSMEs that employs 40 per cent of the country’s workforce, controls 37 per cent of her GDP and contributes nearly 43 per cent to her exports. Being a leading GST Suvidha Provider (GSP), we are thrilled to offer our globally-acclaimed and GST-ready accounting automation tool to MSMEs. We hope our small step will go a long way catalysing a new wave of digitalisation in India’s MSME segment.”
Vinod Subramanian, CEO, Logo Infosoft expressed, “Logo brings in leading SME automation software from Europe to India. We are happy to offer our premium MSME-focused ERP software, Vyapari, to the eligible taxpayers, free of cost. We are proud to whole-heartedly support this ambitious scheme by GSTN and contribute to India’s new, forward-thinking government’s digitalisation mission.”
For GST registered taxpayers, Vyapari offers automation features such as day-to-day billing, accounting, inventory management, return filing, and reporting for improved compliances. The product features sale/ purchase, cash ledger, inventory management, supplier/ customer masters, generation of invoices, and preparation of GST returns. This simplifies GSTR filing processes and inturn, the new software solution; Vyapari may encourage more and more MSMEs to embrace GST.
Vyapari is available through a mobile app as well as a web browser. It is also available on POS devices like mSwipe and Watchdata, offers special access for CAs and offers integration with open banking networks.